Global Trade Alert
Global Trade Alert

United States of America: Introduction of tax credits worth USD 103.1 million for NOVONIX Anode Materials LLC under the Advanced Energy Project Credit Program

Announcement

19 Apr 2024

In April 2024, the US Department of Energy announced financial assistance under the Advanced Energy Project Credit Program.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

19 Apr 2024

Revocation date:

No revocation date

Tax or social insurance relief In force

On 19 April 2024, the Department of Energy awarded NOVONIX Anode Materials LLC an investment tax credit worth USD 103.1 million. This funding will support NOVONIX in equipping a facility to produce sy...

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